Subject. Financial and macroeconomic stability in Russia. Objectives. To characterize the financial and macroeconomic stability of Russia. Methods. General scientific methods and specialized economic-mathematical techniques were applied. Results. It has been revealed that the banking system is increasing its financial demands on the economy, while the growth of households’ net assets is slowing down. At the same time, the credit burden on consumers is rising and the financial resilience of households is declining. The evolution of Russia’s financial market towards a debt-based model has been demonstrated, along with an increasing dependence of the Russian economy on foreign direct investment. An increase in the monetization of public debt has been detected – this occurs through financing government spending via money emission, which in turn drives inflation and leads to a tightening of monetary policy. Stock market volatility is reducing investors’ interest in equities relative to debt securities, while a high key interest rate and rising inflation pose risks for companies. GDP dynamics and the unemployment rate indicate the economy’s ability to sustain growth. However, there is a need to boost investment potential, maintain steady economic growth, shift towards a balanced budget, pursue a moderate fiscal policy, and encourage long-term savings. Conclusions. The identified characteristics will be of interest to government authorities, experts, and researchers involved in developing mechanisms for macroeconomic regulation and adapting Russia’s economic institutions to external shocks and internal challenges.
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